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Seller Transaction Lifecycle

Document breakdown for realtors—know exactly which forms you need at each stage of a seller transaction.

5 stages
~10 min read

Seller Transaction Lifecycle

Document Breakdown for Realtors

1
Stage 1

Initial Seller Consultation & Representation Setup

Must Use

Consumer Relationships Guide (Print Friendly)

Explains agency types and disclosure obligations. Must be presented at the beginning of the relationship.

Exclusive Seller Representation Agreement (Designated Agency)

Formal contract outlining duties, commission structure, and listing terms.

FINTRAC – Identification Mandatory Agent Agreement (CREA)

Agent declares responsibility for verifying the client's identity in compliance with federal regulations.

FINTRAC – Individual Identification Information Record (CREA)

Records the client's government-issued ID as part of Canada's anti-money laundering regulations.

FINTRAC – Politically Exposed Person/Head of International Organization Checklist (CREA)

Assesses whether the client holds a high-risk position that requires additional reporting to FINTRAC.

If Applicable

Referral Fee Consent

Used when another agent or brokerage is referring the client.

2
Stage 2

Listing Preparation & Going Live on MLS

Must Use

MLS Data Input Form

The form used to enter listing details into the MLS system.

If Applicable

Real Property Report (RPR) with Compliance

Survey showing property boundaries and improvements with municipal compliance stamp.

Seller Property Information Statement

Disclosure form where seller provides known information about property condition.

Amendment to Listing Agreement

Used to modify listing terms (price changes, date extensions, etc.).

Suspension of Listing

Temporarily removes listing from active status.

Cancellation of Listing

Terminates the listing agreement.

3
Stage 3

Receiving & Reviewing Offers

Must Use

None specific – seller reviews buyer's Residential Purchase Contract

If Applicable

Counter Offer

Used when seller wants to propose different terms than the buyer's original offer.

Multiple Representation Disclosure and Consent

Required when both buyer and seller are represented by the same brokerage.

4
Stage 4

Offer Acceptance & Condition Period

Must Use

None specific – depends on conditions written into the accepted offer

If Applicable

Amendment – Purchase Contract

Used to change possession date, price, or extend condition deadlines.

Notice (For Waiver/Satisfaction of Conditions)

Used when conditions are satisfied, making the deal firm.

Notice (For Non-Waiver/Non-Satisfaction of Conditions)

Used if a condition isn't met and deal needs to terminate.

Dower Consent & Acknowledgment

Required if seller is married but spouse isn't on title (Alberta Dower Act).

5
Stage 5

After Firm Deal – Pre-Closing Support

Must Use

None specific for agents at this stage

This period involves behind-the-scenes work: providing the Real Property Report to the buyer's lawyer, coordinating with your lawyer on title transfer documents, and arranging key handover and possession logistics.

Click on any stage to explore the required documents